SFE Investment Counsel Lowers Position in Amentum Holdings, Inc. (NYSE:AMTM)

SFE Investment Counsel lowered its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 65.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,830 shares of the company's stock after selling 24,260 shares during the period. SFE Investment Counsel's holdings in Amentum were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Amentum in the third quarter worth $790,000. Wharton Business Group LLC acquired a new position in Amentum during the 3rd quarter worth about $2,106,000. JPMorgan Chase & Co. acquired a new position in Amentum during the 3rd quarter worth about $8,739,000. Peak Asset Management LLC bought a new stake in shares of Amentum in the 3rd quarter valued at about $774,000. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Amentum in the fourth quarter valued at about $409,000. Institutional investors and hedge funds own 39.93% of the company's stock.

Wall Street Analyst Weigh In

AMTM has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $24.00 price objective on shares of Amentum in a research note on Thursday, February 6th. Cantor Fitzgerald initiated coverage on shares of Amentum in a research report on Friday, February 7th. They issued a "neutral" rating and a $25.00 price target on the stock. Finally, Raymond James initiated coverage on shares of Amentum in a research report on Thursday, November 21st. They set an "outperform" rating and a $30.00 price objective for the company.

Insider Transactions at Amentum

In other news, insider Steven J. Demetriou bought 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $20.81 per share, with a total value of $2,081,000.00. Following the transaction, the insider now directly owns 620,893 shares of the company's stock, valued at approximately $12,920,783.33. This represents a 19.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 18.67% of the company's stock.

Amentum Trading Up 0.0 %

AMTM stock traded up $0.01 during mid-day trading on Monday, reaching $19.82. The company's stock had a trading volume of 1,456,425 shares, compared to its average volume of 2,200,147. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50. The business's 50 day moving average price is $21.67. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.57 and a current ratio of 1.59.

Amentum (NYSE:AMTM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. Research analysts forecast that Amentum Holdings, Inc. will post 2.1 earnings per share for the current year.

About Amentum

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.